The DAX, which started the week in a moderately friendly manner, cautiously worked its way into positive territory on Tuesday. One hour after trading began, the leading German index rose by 0.28 percent to 15,279.92 points. The MDax of medium-sized companies gained 0.18 percent to 25,064.74 points. The Eurozone benchmark index EuroStoxx 50 rose by around 0.2 percent.
The DAX, which started the week in a moderately friendly manner, cautiously worked its way into positive territory on Tuesday. One hour after trading began, the leading German index rose by 0.28 percent to 15,279.92 points. The MDax of medium-sized companies gained 0.18 percent to 25,064.74 points. The Eurozone benchmark index EuroStoxx 50 rose by around 0.2 percent.
Thanks to the lack of escalation of the conflict between Israel and the radical Islamic Hamas, the stock markets have so far been relatively stable. Despite all diplomatic efforts, the fighting continues. After Federal Chancellor Olaf Scholz this Tuesday, US President Joe Biden will also travel to Israel the next day.
There was no tailwind for the Dax from the overseas stock exchanges on Tuesday. Stock prices in New York rose significantly on Monday, but after the end of European trading there wasn’t much happening there. It was said at the Asian trading venues that they had only replicated the momentum from US trading.
For the aircraft manufacturer Airbus, an upgrade resulted in share price gains of 2.2 percent and the DAX top spot. The US analysis house Jefferies now recommends buying. Expert Chloe Lemarie raised her earnings estimates for 2025 and 2026 as she bets on better operational development and share buybacks. After the recent weak price development, there is now an attractive entry opportunity.
The shares of DAX bottom player Sartorius continued their downward trend at minus 1.5 percent. Since the profit warning last Friday, the shares of the pharmaceutical and laboratory equipment manufacturer have lost 18 percent in value – also due to bad industry news from Pfizer and a downgrade by analysts.
Corporate news on Tuesday caused significant price gains in the SDax small cap index. The shares of leader Drägerwerk jumped 12.4 percent after the medical and security technology group presented good preliminary quarterly figures and raised its annual targets.
For Adtran Holding, things went up by six percent as part of a recovery, although the parent of the telecom equipment supplier Adtran Networks (formerly Adva Optical) disappointed with its quarterly results. The share price is still down a whopping 56 percent since the beginning of the year.
Source: Stern
